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BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (Foir Immediate Release) April 12, 1961 CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY Commercial and. industrial loans decreased in most districts and a net of $134 million at all wefekly reporting member "banks during the week ended April 5. The principal net decreases were $76 million in loans to public utilities, $52 million to manufacturers of metals and metal products, $29 million to commodity dealers, and $27 million to manufacturers of food, liquor, and tobacco products. The largest offsetting net increase was $54 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, the largest weekly increase in this classification so far this year. Changes in loans during the week and since year-end are shown below; the third column shows the changes during the comparable period last year. Business of Borrower -396 +255 +726 + 54 + 18 +117 +107 1 + -162 - 51 -192 - 38 +267 +163 1 1 t j Net change In commercial and Industrial loans -298 +176 + 43 1 Classified changes - net Unclassified changes - net - 27 - 2 52 1 Trade—wholesale and retail Commodity dealers Public utilities and transportation Construction All other types of business Dec. 28, I960 Dec. 30, 1959 to / to April 5, 196]f/ April 6, 1960 (in millions of dollars) -131 - 30 ' •134 W ON Manufacturing and mining; Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week ended / April 5%/ - 4 4 3 - 67 + 26 + 9 zJl +444 - 22 -106 +422 j»/ Preliminary * In addition to the weekly table, a monthly table is attached showing changes during March compared with the preceding month and with March i960, and also showing changes during the past twelve months. Changes during March were similar to those during March a year ago in all industrial classifications except loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, which increased during the current month in contrast to a decrease a year ago. The increase in loans to "other" types of business concerns was the largest monthly increase in this category since the series was started in 1951; and the increase in manufacturers of metals and metal products was the largest since June i960. n CHANGES H COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE r ? wmaa.v REPORTING MEMBER BANKS DISDtlCT, B%:%NBQB3RY AND F1DERALRESEKVE VEBKENDED WEDNESDAY, APRIL 5, 1961 H.12(a) ST San Fr St. IMinne- Kansas New Phila- Cleveg Louis Iapolis City Da]]as eisco Ji York delphia land S S " I Atlanta I Chicago (In millions of dollars) Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade: Wholesale Retail 27.2 2.4 -2.5 - 3^*6 +1.1 - 2.1 -5 - -5 + .2 - .1 - .9 + .8 +13.1 •7 -1.0 -1.7 -1.5 + .2 + .2 + .2 - -3 .2 +1.1 + .1 51.5 53.9 18.2 -1.7 - 49.5 - 1.0 - -5 + 46.3 + 6.4 + .6 + 6.2 + 4.4 +2.9 - .8 +2.7 - .1 +2.4 + .5 +1.6 - .1 + .6 - 7.0 - .4 + 1.8 =1 • 6 + .4 — .4 - .5 — — + .9 +1.9 +1-7 + .7 + 1.2 + 1.1 - .4 +1.4 -1.3 + .2 (- 4 + .6 — 2.1 + 1-5 -4.5 - 4.1 - .4 — »4 - .3 + -7 +3=2 +1.2 + -7 -1.1 + .6 - .1 - .8 + -5 -1.2 +1.0 + -3 + .4 -3.4 - .9 -2.0 - .9 -2.4 .8 +1.6 —— — — — 22 #1 + 2,1 — : 4 :s Commodity dealers - 28.9 Public utilities (including transportation) - 76.2 +1.1 - 42.3 + 3.3 -8.9 ~ -3 -5.3 -13.9 + .1 + .2 -1.3 2.3 -6.6 Construction - 12.4 + .1 - 5.7 - 4.0 -1.2 +3.1 +3 «2 +1.4 - .2 - .7 + '9 7.2 -2.1 All other types of business - +1.0 + 7-5 - 1»6 - .5 - .5 +2.8 - 3.3 +1.7 - .5 —2. o 3. 8.3 -1.2 4.0 Net change in classified loans l/ -131.3 -4.7 -102.5 +10.2 -7.5 +9.5 +1.2 -10.4 —5.I —4.0 +2.1 -I9.O -1.1 Unclassified changes - net - +2.7 + 6.5 - 3.2 +1.5 -2.5 -1.2 + 2.4 — .9 —1.0 — .1 + 1.0 -7-9 Net change in commercial and industrial loans -134.0 -2.0 - 96.O + 7.0 -6.0 +7.0 8.0 -6.0 -5.0 +2.0 -18.0 -9.0 2.7 j)/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank. l/ About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 per cent of *~ ~ total commercial and industrial loans of ail weekly reporting member banks and about 70 per cent of those of all commercial banks. E.12(b) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery and transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining 5 weeks ended Mar. 29? 1961 5 weeks 4 weeks ended ended Mar. 30, I960 Feb. 22* 1961 (In millions of dollars) 12 months ended Mar. 29, 1961 — 36 oO + 91.5 - 12.1 +115.5 -101.1 +101.3 + +148.2 + 12.0 +121.6 +126.0 - 36.4 + 42.1 +444.4 - 12.7 +120.9 - 296.1 + ll6•1 + 250.0 Trade — wholesale and retail + 99-2 — 16.4 +181.2 + 13.3 Commodity dealers - 38.7 + 4i .8 -185.3 + 226.1 Public utilities (including transportation) + 35.7 -119.4 + 37.3 Construction + - 12.3 + 31-2 + 86.8 All other types of business +219.0 + 5.3 + 84.3 + 695.7 Net change in classified loans l/ +657.2 +134.1 +701.5 +1,107.4 Unclassified changes - net + 53-8 - 36.1 +145.5 - 157.4 Net change in commercial and industrial loans +711.0 + 98.O +847.0 + 1/ See footnote on preceding table regarding current coverage • 4.7 97.3 l6.4 65.4 950.0
